The Russian economy is likely to grow at a slower pace than expected earlier, Economic Development Minister Elvira Nabiullina reportedly said Friday.
The ministry has cut the growth forecast for 2012 to 3.4 percent from 3.7 percent, reports said. The outlook was lowered mainly due to a revision in the investment growth forecast, which was cut to 6.6 percent from 7.8 percent.
by RTT Staff Writer
For comments and feedback: email@example.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.